Feb 8, 2013 8:00am PST
the defense cuts especially, forcing this kind of draconian cuts on the pentagon, republicans would never go for. >> he thought it was going to be this ideal situation where it would be, it would inflict so much pain on both sides that both sides would then come to the table and want to bargain. problem is that the president's always talking about the balanced approach to our fiscal situation and our problems, and the republicans said, okay, in the fiscal cliff deal we'll give you your tax increases. so he has the tax hikes, but there have been no spending cuts. so now the republicans who actually for the first time in the obama presidency have the stronger hand, now they should come in and say, okay, you keep arguing for a balanced approach. we gave you your tax hikes, where are the spending cuts? and make him answer to that. jon: and has been pointed out many time, the additional money, the revenue as they like to call it that was raised by the that tax hike immediately got spent by the congress when they received the sandy aid bill. >> that's right. all in one shot it's been evaporateed.